WASHINGTON — The Information Reporting Program Advisory Committee (IRPAC) today issued its annual report for 2015, including numerous recommendations to the IRS Commissioner on new and continuing issues in tax administration.

Information reporting by third parties is one of the primary ways IRS verifies tax return information. In 2015, the IRS was expected to receive nearly 2.3 billion information returns.

"IRPAC members make an important contribution to tax administration by devoting a great deal of their valuable time assisting the IRS with the most important information reporting issues of the day," said IRS Commissioner John Koskinen.

In the 2015 report, the IRPAC recommends penalty relief for name-TIN (taxpayer identification number) mismatches in cases where filers under current rules are not permitted to access the IRS TIN Matching Program. In addition, the IRPAC requests a new checkbox on Forms W-9 and W-4P to authorize information return filers to validate the payee's name-TIN combination through the IRS TIN Matching Program.

The IRPAC report makes recommendations involving instructions for Form W-9, and the reasonable cause penalty abatement process. The report also contains numerous other recommendations related to the Foreign Account Tax Compliance Act (FATCA), the Affordable Care Act (ACA), cost basis and Form 1099-K reporting, the electronic transmittal of employer-withheld IRS tax levy proceeds, business taxpayer identity theft, treatment of negative interest for U.S. tax information and other issues.

IRS Commissioner John Koskinen congratulated and thanked eight members of the Committee ending their three-year terms this year:

  • Mary Kallewaard, IRPAC Chair, COKALA Tax Information Reporting Solutions, LLC, Ann Arbor, Mich.
  • Julia Shanahan – Columbia University, New York, N.Y.
  • Patricia Schmick – Accounting & Tax Services Inc., Seattle, Washington
  • Paul Banker – Convey, Minneapolis, Minn.
  • Mark Druckman – J.P. Morgan Chase, New York, N.Y.
  • Lynne Gutierrez – Hilltop Securities, Dallas, Texas
  • Jonathan Sambur – Mayer Brown, LLP, Washington, D.C.
  • Vicki Kaner – Amazon, Seattle, Washington

IRPAC members represent financial services and payroll firms, colleges and universities and other types of businesses both small and large.

The full 2015 IRPAC Public Report is available on IRS.gov.

IRPAC is a federal advisory committee formed in 1991 that serves as an organized public forum for discussion of information reporting issues.

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Upcoming Tax Dates

April 10 — Employees who work for tips
If you received $20 or more in tips during March, report them to your employer. You can use Form 4070.

April 10 — Communications and air transportation taxes under the alternative method
Deposit the tax included in amounts billed or tickets sold during the first 15 days of March.

April 14 — Regular method taxes
Deposit the tax for the last 16 days of March.

April 18 — Individuals
File a 2016 income tax return (Form 1040, 1040A, or 1040EZ) and pay any tax due. If you want an automatic 6 month extension of time to file the return, file Form 4868, Application for Automatic Extension of Time To File U.S. Individual Income Tax Return. For more information, see Form 4868. Then, file Form 1040, 1040A, or 1040EZ by October 16.

April 18 — Corporations
File a 2016 calendar year income tax return (Form 1120) and pay any tax due. Details

April 18 — Individuals
If you are not paying your 2017 income tax through withholding (or will not pay in enough tax during the year that way), pay the first installment of your 2017 estimated tax. Use Form 1040ES.

April 18 — Household Employers
f you paid cash wages of $1,800 or more in 2016 to a household employee, you must file Schedule H Details

April 18 — Corporations
Deposit the first installment of estimated income tax for 2017 Details

April 18 — Social security, Medicare, and withheld income tax
If the monthly deposit rule applies, deposit the tax for payments in March.

April 18 — Nonpayroll withholding
If the monthly deposit rule applies, deposit the tax for payments in March.

April 18 — Household employers
If you paid cash wages of $1,900 or more in 2016 to a household employee, you must file Schedule H (Form 1040). If you are required to file a federal income tax return (Form 1040), file Schedule H (Form 1040) with the return and report any household employment taxes. Report any federal unemployment (FUTA) tax on Schedule H (Form 1040) if you paid total cash wages of $1,000 or more in any calendar quarter of 2015 or 2016 to household employees. Also, report any income tax you withheld for your household employees.

April 27 — Communications and air transportation taxes under the alternative method
Deposit the tax included in amounts billed or tickets sold during the last 16 days of March.

April 29 — Regular method taxes
Deposit the tax for the first 15 days of April.

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